The global cryptocurrency market fell 1.56% over the past 24 hours, as profit-taking and structural shifts balanced out. Crypto decoupled from equities, with 24-hour correlations to the S&P 500 index hitting its lowest level since July. This meant that traders rotated capital from digital assets into defensive positions such as gold amid geopolitical noise.
According to our analysis, the best cryptos to buy now are: Pyth Network ($PYTH), Space ID ($ID), and Polygon ($POL). These assets have been the best performers over the past 24 hours and project immense growth potential due to their use cases and recent developments.
Altcoin Season vs Bitcoin Dominance
The Altcoin Season Index (ASI) rose 52.6% monthly to 58/100 while Bitcoin’s dominance over the market fell from 60.7% last month to 57.4% yesterday. This indicates that alts are increasingly gaining momentum, but are yet to trigger a full “Altcoin Season”, as the market is still in “BTC Season” territory.
The Solana (SOL) ecosystem was the biggest winner of the day, with its market cap growing 2.3% in 24 hours to $277 billion, driven by institutional demand. This means capital is being rotated toward high-beta crypto sectors like AI, RWA, and DeFi as BTC consolidates near all-time highs.
Spot Ethereum ETFs saw $219 million inflows this week, with BlackRock’s iShares Ethereum Trust ETF (ETHE) leading the chart with an AUM of $30.99 billion in ETH. Stablecoin supply on Solana hit $11.7 billion, a 607% increase from August 2024. This indicates that TradFi liquidity is entering the crypto market via regulated products like ETFs and stablecoins, which in turn is benefiting large-cap and stablecoin-centric blockchain ecosystems.
US President Donald Trump’s firing of Federal Reserve Governor Lisa Cook raised concerns about the central bank’s independence from federal intervention. However, spot Bitcoin ETFs recording $219 million in inflows after six consecutive days of outflows have reduced BTC liquidation. Tonight’s US PCE inflation data will be key, as a hotter print could extend the market’s divergence, while cooling inflation could improve the case for an Alt Season.
Though altcoins are outperforming Bitcoin in narrative-driven sectors, the broad-based Alt Season will require the ASI to break 75/100. Surging Ether ETF inflows and a drop below 55% for the BTC dominance ratio could signal wider altcoin strength.
Best Altcoins to Buy Now: $PYTH, $ID, $POL
Crypto24h ChangeResistance / Target LevelsSupport / Risk ZonesInvestment OutlookPyth Network ($PYTH)+83.65%$0.2046 (23.6% Fib), $0.235 swing high, $0.315 (161.8% Fib extension)Dip below $0.204 may trigger profit-takingHigh-growth potentialSPACE ID ($ID)+7.69%$0.1775 (38.2% Fib), $0.184 (23.6% Fib)Regulatory uncertainty may affect long-term adoptionAdoption-driven growthPolygon ($POL)+2.77%$0.24 – $0.245 resistance, Fibonacci $0.26 – $0.267, 200-day EMA $0.255Support at $0.23 – $0.226 accumulation zoneShort-term bullish momentum
1. Pyth Network ($ pyth)
Image Source: TradingView
Pyth Network (PYTH) surged 83.65% in the last 24 hours, outpacing the global crypto market. Its rally was driven by news surrounding a potential partnership with the U.S. government and bullish technical momentum.
On August 28, the U.S. Department of Commerce announced that it will be publishing quarterly GDP data on several blockchains via decentralized oracles like Pyth Network and Chainlink (LINK), starting with July 2025 economic numbers. This marks the first time the federal government will be leveraging blockchain technology for official purposes, with its data hashes distributed across Bitcoin, Ethereum, Solana, Stellar (XLM), Polygon (POL), Arbitrum (ARB), Optimism (OP), Avalanche (AVAX), and Tron (TRX). This validates Pyth’s role in bridging TradFi and DeFi, attracting institutional interest, and enhancing the oracle’s utility as a critical data layer for macroeconomic applications.
The news is likely to trigger algorithmic trading, amplifying buy-side pressure for PYTH. Traders should look out for the network’s integration with exchanges like Coinbase and Kraken, which are assisting the U.S. government with the economic data rollout.
PYTH’s 7-day RSI hit “deeply overbought” conditions at 87.39, while the MACD histogram turned positive and rose to +0.0063, its highest level since May 2025. The price also broke past the 23.6% Fibonacci resistance at $0.2046 and is now targeting the $0.235 swing high. Overbought RSI suggests short-term correction risks for PYTH, but its high volume-to-market cap ratio of 1.6x could sustain the current momentum. A close above $0.235 could extend gains toward the 161.8% Fib extension at $0.315, but a dip below $0.204 may trigger profit-taking.
MetricDetails / Insights24h Price Change+83.65%Blockchain IntegrationsBitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), Polygon (POL), Arbitrum (ARB), Optimism (OP), Avalanche (AVAX), Tron (TRX)Institutional InterestHighTechnical IndicatorsRSI (7-day): 87.39 (deeply overbought), MACD histogram: +0.0063 (highest since May 2025)Key Resistance Levels$0.2046 (23.6% Fib), $0.235 (swing high)Upside Potential$0.315 (161.8% Fibonacci extension) if price closes above $0.235
At the time of writing, Pyth Network (PYTH) is trading at $0.2227, up 91.79% in the last 24 hours. According to our technical analysis based on its current market price, in 2025, PYTH is expected to change hands in a trading channel between $0.1513 (Low) and $0.2314 (High), with an average annualized price of $0.1708. This could result in a potential ROI of +1.05% over its current rate.
2. SPACE ID ($ID)
Image Source: TradingView
SPACE ID (ID) rose 7.69% in the past 24 hours, outpacing its 30-day gain and the global crypto market’s 1.21% dip in the process. Key drivers behind the rally include ecosystem growth, regulatory tailwinds for digital ID solutions, and bullish technicals.
On August 19, SPACE ID announced expanded blockchain explorer integrations for its “.bnb” extensions, enhancing the protocol’s usability on the BNB Chain. This was a follow-up to the company’s partnership with Web3Decision, which enabled businesses to verify identities using SPACE ID domains. These partnerships and integrations have deepened ID coin’s utility as a cross-chain identity layer, directly tying adoption to demand. The protocol now supports more than 25 blockchains and over 200 dApps, with 6.7 million registered domains – a 146% increase since July.
On August 17, the U.S. Department of the Treasury proposed embedding digital ID checks in DeFi smart contractsadding spotlight to projects such as SPACE ID. Though this could drive long-term demand for decentralized identity solutions, it also creates regulatory uncertainty. The SPACE ID infrastructure aligns with potential compliance requirements, but stricter guidelines might slow down innovation. Nevertheless, the market’s reaction to the news has been optimistic, with ID outperforming ETH and BTC in the past week.
The price of ID surged above its 7-day SMA ($0.166) and 30-day SMA ($0.165), with a 7-day RSI of 69.68, which is closing in on overbought territory. The token’s MACD histogram turned positive at +0.0022, signalling short-term bullish momentum. Traders often interpret crossover above key moving averages and rising RSI as confirmation of upward momentum. ID’s 24-hour trading volume surged 949% to $193 million, signalling strong conviction behind the move. A sustained close above the 38.2% Fibonacci retracement level at $0.1775 could target the 23.6% Fib level at $0.184.
MetricDetails / Insights24h Price Change+7.69%30-Day PerformanceOutpaced global crypto market (1.21% dip)Technical Indicators7-day SMA: $0.166, 30-day SMA: $0.165, 7-day RSI: 69.68 (approaching overbought), MACD histogram: +0.0022 (positive)Key Resistance Levels$0.1775 (38.2% Fib retracement), $0.184 (23.6% Fib)Trading Volume$193 million in 24h (+949% surge)Momentum SignalCrossover above SMAs, rising RSI, and positive MACD indicate short-term bullish momentum
At the time of writing, Space ID (ID) is trading at $0.1777, up 8.56% in the last 24 hours. According to our technical analysis based on its current market price, in 2025, ID is expected to change hands in a trading channel between $0.1233 (Low) and $0.1791 (High), with an average annualized price of $0.1368. This could result in a potential ROI of +0.84% over its current rate.
3. Polygon ($POL)
POL (ex-MATIC) rose 2.77% in the past 24 hours, outpacing the broader crypto market’s -1.5% decline. Key drivers behind the rally include bullish technical signals, network upgrades, and overall growth in stablecoin adoption.
The total value locked (TVL) on Polygon surged to $1.23 billion in August, driven by native DeFi platforms like QuickSwap and the prediction market Polymarket. Analysts cite the Ethereum L2 as a trusted infrastructure for cross-border payments and RWA tokenization. Higher TVL often reflects increased utility and staking demand, which powers gas fees and network security.
1789 Capital, a VC firm that calls on Donald Trump Jr. as one of its shareholders, has made a multi-million dollar investment in Polymarket. Meanwhile, the US government has identified Polygon among the blockchains on which it will publish GDP data, and a Philippine senator has urged his government to upload publicly available data on the L2. These developments have added more credibility to POL, further enhancing its utility and prospects.
POL broke above the $0.24 – $0.245 resistance zone, aligning with its 30-day SMA ($0.234) and 7-day EMA ($0.244). Its 7-day RSI sits at 54.29, showing neutral momentum, but rising trading volume confirms buyer confidence. This means short-term traders are driving the price breakout, with the next target set at the Fibonacci resistance of $0.26 – $0.267. POL has repeatedly tested its $0.23 – $0.226 support zone since the beginning of the month, suggesting accumulation, which has helped reduce downside risk for the token in the near-term. Traders need to watch out for a close above the 200-day EMA ($0.255), which could signal a trend reversal.
MetricDetails / Insights24h Price Change+2.77%Market ContextOutperformed global crypto market (-1.5%)Ecosystem Growth / TVLTVL surged to $1.23B in August (QuickSwap, Polymarket), reflecting higher staking demand and network utilityInstitutional & Government Support1789 Capital investment in Polymarket; U.S. government to publish GDP data on Polygon; Philippine government data proposalsTechnical Indicators30-day SMA: $0.234, 7-day EMA: $0.244, 7-day RSI: 54.29 (neutral), rising trading volume confirms buying pressureKey Resistance Levels$0.24 – $0.245, Fibonacci resistance $0.26 – $0.267; 200-day EMA at $0.255 (trend reversal signal)
At the time of writing, Polygon (POL) is trading at $0.2492, representing a 3.17% increase in the last 24 hours. According to our technical analysis based on its current market price, in 2025, POL is expected to change hands in a trading channel between $0.1731 (Low) and $0.2498 (High), with an average annualized price of $0.1918. This could result in a potential ROI of -0.65% over its current rate.
Final Thoughts on Today’s Best-Performing Crypto Assets
The best cryptos to buy now – $PYTH, $ID, and $POL – have defined the broader market downtrend by outpacing legacy coins like BTC, ETH, and SOL over the past 24 hours. Their rally comes amid growing demand for blockchain-based oracles, digital IDs, RWAs, and AI platforms.
PYTH was the biggest winner of the day, surging over 80% after the U.S. Department of Commerce announced that the Trump administration will be publishing its economic data on nine blockchains via the Pyth Network. ID’s price soared on the back of strategic partnerships that have helped expand its block explorer tool to more than 20 blockchains and 200 dApps. POL’s rally was driven by Polygon-native platforms like Polymarket and QuickSwap, which helped increase its TVL to $1.23 billion, plus the hype surrounding the U.S. Commerce Department sharing GDP numbers on its blockchain.
While these assets showcase tremendous future potential, they are still cryptocurrencies, which are infamous for their volatility and susceptibility to macroeconomic tailwinds. It is highly recommended that readers conduct proper research and consult an expert before making any investment in crypto assets. Furthermore, the contents of this article are solely for educational purposes and should not be construed as investment advice.
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